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News

Hollywood for Sale

By  Zach Behrens
Published Feb 17, 2010 11:00 PM
hollywoodforsale.jpg
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It's not just the Hollywood Sign that's threatened, movie studios are having their own kind of trouble these days. "With three major entertainment properties openly on the block, and another independent studio quietly made available for sale, Hollywood -- once the sexiest of high-priced baubles -- faces a glut of supply and a dearth of demand," notes Sharon Waxman on her The Wrap. MGM, Miramax, Summit Media and Starz Media are all up for grabs, but who is buying these days? "As the industry continues to consolidate -- with NBC-Universal bought by Comcast, and Marvel and DreamWorks bought up by Disney -- the number of cash-rich customers cruising the boulevard seems to dwindle with every passing month."

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